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http://charts.mql5.com/2/274/gold-w1...orex-group.png
hi
we can see in the 1w chart
the pair will go up to fibo 50.0
I see the pair will go to up way to 1564.91
rsi refers that the pair will go up
so our target buy from 1331.51 and our target will 23340pips
Good luck
we can see in the 4h chart
the pair trading down the 38.2
I see the pair will go to down way to 1313.56
rsi refers that the pair will go down
so our target sell from 1333.88 and our target will 2032pips
Good luck
http://charts.mql5.com/2/275/gold-h4...orex-group.png
http://charts.mql5.com/2/275/gold-h4...ex-group-2.png
we can see in the 4h chart
the pair trading down the 23.6
I see the pair will go to down way to 1322.29
macd refers that the pair will go down
so our target sell from 1334.64 and our target will 1235pips
Good luck
gold technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 15.08.13
timeframe : 1 hour
time : 0400
market trend : up
adx wilder(14) level
style : 25.20
+di : 26.87
-di : 8.79
adx(14) level
adx : 52.60
+di : 27.69
-di : 3.13
Daily pivot Fibonacci points: Resistance levels: R1: 1337.45 R2: 1342.78 R3: 1346.85 Support levels: S1:1321.45 S2: 1316.45 S3: 1308.10
Today Signal- Gold- 15 August, 2013
Spot gold ended the session on Tuesday with losses of 1.13%, giving back a seventh of its
gains from the previous session. The trading strategy remains unchanged for the precious
metal with the rally likely to extend beyond 1400.00 per troy ounce, last seen in June this
year. The near term downside could be capped at 1312.00- 1315.00, close below which the
yellow metal could slide to 1285.00- 1295.00. Buy spot gold on declines up to 1315.00 or at the break of 1355.00.
TRADING RECOMMENDATIONS
SHORT:
At 1310.00 with a stop at 1316.00 for a profit target of 1298.00
LONG:
At 1316.00 with a stop at 1310.00 for a profit target of 1340.00
today i like to sell gold @ 1345.10
my stop loss of the day @ 1351.10
half take profit for today @ 1336.60
and further half take profit @ 1331.80
GOLD bullish momentum yesterday made weekly LSMA be flat. but the dominance of the market is still dominated by the buyer, visible a few hours ago the price has bounced from LSMA weekly. Daily LSMA direction of movement is also in a state of continuation up sideway, but weakening daily buyers, because prices below LSMA play daily. if several hours later LSMA change color daily, then open sell with daily profit target if LSMA change color to lime. if prices go up and then come back to make daily LSMA a strong trending up, then place the profit target at high area daily.
As you see in my following attached chart, the price of the gold traded between a high of 1336 and a low of 1316, closed at 1336. Today the metal trades below the resistance line of 1347.
Downside Scenario: As long as the Gold remains below the resistance line of 1344, a decline is likely to be seen into the levels of 1320, then 1305.
Upside Scenario: If the metal penetrates above the resistance line of 1347, this could send the metal to the levels of 1359, then 1371.
[IMG]3.bp.blogspot.com/-BiLAAx_4sEs/UgyTDRHlC4I/AAAAAAAAJvU/wBijd0c1zLQ/s1600/gold.jpg[/IMG]
I think that Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega.All the best
Spoiler: